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Spark Capital has brought on Jeremy Philips to manage its growth fund, Spark Capital Growth. Spark Capital

Spark Capital Growth, a new $375 million late-stage fund formed by Boston-based Spark Capital, was created with one goal in mind–to make sure that one of the venture industry’s most successful early-stage investors can replicate that success with more mature companies.

Nine-year-old Spark Capital hit the jackpot with early-stage deals in Twitter, Tumblr and Oculus, among other startups. But even the best of firms regret the ones that got away.

Image: Spark Capital has brought on Jeremy Philips to manage its growth fund, Spark Capital Growth. Spark Capital